Amazon and Globalstar's $1.157 Billion Deal: A Satellite Internet Game-Changer
In a strategic move to rival SpaceX's Starlink, Amazon has announced a $1.157 billion deal with Globalstar. This collaboration is set to amplify Amazon's Project Kuiper by utilizing Globalstar's existing satellites and spectrum, poised to enhance connectivity particularly in underserved areas. The deal announces capacity leasing, infrastructure upgrades, and a joint development plan, with the satellite internet market heating up to an estimated $19.6 billion by 2030.
Apr 14